Teton Advisors Inc. Acquires 800 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Teton Advisors Inc. grew its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 0.7% during the 2nd quarter, Holdings Channel reports. The firm owned 116,800 shares of the industrial products company’s stock after purchasing an additional 800 shares during the period. Teton Advisors Inc.’s holdings in Twin Disc were worth $1,315,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TWIN. Dimensional Fund Advisors LP boosted its stake in shares of Twin Disc by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 506,457 shares of the industrial products company’s stock valued at $8,428,000 after purchasing an additional 4,079 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Twin Disc by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 484,724 shares of the industrial products company’s stock valued at $8,066,000 after acquiring an additional 8,719 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Twin Disc by 1.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,523,885 shares of the industrial products company’s stock valued at $25,357,000 after acquiring an additional 21,676 shares during the period. Gabelli Funds LLC raised its position in shares of Twin Disc by 2.7% in the 1st quarter. Gabelli Funds LLC now owns 308,424 shares of the industrial products company’s stock valued at $5,132,000 after acquiring an additional 8,162 shares during the period. Finally, State Street Corp raised its position in shares of Twin Disc by 4.9% in the 1st quarter. State Street Corp now owns 34,305 shares of the industrial products company’s stock valued at $571,000 after acquiring an additional 1,592 shares during the period. Institutional investors own 58.94% of the company’s stock.

Twin Disc Trading Up 2.4 %

Shares of NASDAQ:TWIN traded up $0.34 during mid-day trading on Friday, reaching $14.70. The stock had a trading volume of 20,943 shares, compared to its average volume of 26,768. The company has a current ratio of 2.27, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $205.21 million, a PE ratio of 18.15 and a beta of 0.91. The firm has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $12.70. Twin Disc, Incorporated has a twelve month low of $8.60 and a twelve month high of $14.95.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Wednesday, August 16th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.27 by $0.35. The firm had revenue of $83.92 million for the quarter. Twin Disc had a net margin of 3.95% and a return on equity of 8.05%.

Twin Disc Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.04 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.09%. Twin Disc’s dividend payout ratio (DPR) is presently 19.75%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Twin Disc in a research report on Thursday, October 5th. They issued a “strong-buy” rating on the stock. TheStreet downgraded shares of Twin Disc from a “b-” rating to a “c+” rating in a research report on Thursday, November 2nd.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.